USDJPY

Good Evening Dynamic Traders,

Hope you are all having a good week. The currency markets have been a little slow lately (particularly for the swing trader) while the buyers and sellers make up their minds.

The GBPCHF has been producing some nice profits over the last few trading days.

Today's chart for discussion is the USDJPY. Price has been in a downtrend albeit with deep pullbacks. It has now arrived at a previous support which is also at a RN and a Fib reversal level. All the signs are indicating towards a bounce or pullback in the short term. If this happens there may be opportunity to enter once the trend resumes, therefore one to put on the watchlist.














Good Trading!
Bijal Shah